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Roxio Snapping up Napster’s Assets:

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Roxio Snapping up Napster’s Assets: For about $5 million (3.1 million pounds) in stock and cash. “Roxio refused to comment on its plans for Napster but it is expected to relaunch as a service that allows users to purchase tracks and download them to CD, automatically sending payment to rights holders.”

Nov 15, 2002 9:11 AM ET

Posted In: Entertainment, Music

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